Please put your analyzing of ASI in this post but do not put single comments like "Market will green" which doesn't contain reasons.
Here is my one!
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I set the period to one year and used usual parameters.
1.First we take the Parabolic SAR(upper red line in first chart). Here you can see the red line has bent but not too much but the 2nd red line shows a downtrend. Parabolic SAR is a trusted indicater and it signals us market will not move further down again and again and it has ability to increase up. I have applied bollinger bands that shown in blue colour. Look the bottom red line is very close the bottom line(orange colour) of bollinger band and it signals us buying opportunities will come very soon. I have used the line pattern to indicate the ASI movements but it is much clear if use candlesticks.
2.In MACD chart 12 days moving average still on above the 24 days moving average. But if you see it carefully you will see that blue line has touch the orange line but it didn't cross it. That gives us the signal "Hold". But both lines are moving below the zero line. It tells us "the situation is not too risky. You can buy good and strong shares"
3.RSI value is 21. That is the strongest signal which tells market will move up with bull runs and it has recovered. It shows the 'oversold' signal has been caused by panic selling and credit relaxing. Anyway, If market drop today you can buy fundamentally strong shares @ very less risk and you will get chances soon to earn big profits. Green mark to change our dark moods!
4.Money flow value is 45 and it also tells us there is a possibility to move ASI up but it is better to decrease this value by little amount because it will reason for a steady bull run.
Last edited by Roboticfx on Wed Jan 25, 2012 9:31 am; edited 1 time in total (Reason for editing : added bollinger band explanation)